Driven by an increase in non-oil activities by 5.5%.. The Saudi economy grew by 1.1% in the second quarter of 2023
Beth : the gross domestic product in the kingdom of Saudi Arabia during the second quarter of 2023 achieved an increase of (1.1%) compared to what it was during the same period of 2022.
According to the Bulletin of the Saudi General Authority for Statistics, non-oil activities during the second quarter of 2023 achieved a positive growth of 5.5% compared to the same period of the previous year in 2022, while oil activities witnessed a decrease of 4.2% compared to the same period of the previous year.
It also showed that the seasonally adjusted real GDP witnessed a decrease during the second quarter of 2023 at a rate of (0.1%) compared to the first quarter of the same year.
It is noteworthy that the General Authority for Statistics is the only official statistical reference for statistical data and information in the kingdom of Saudi Arabia.